NAPLES, FL-Kite Realty's recent announcement that it had acquired three shopping centers in Naples, FL, is just one salvo in a full-fledged battle to expand its presence throughout the state. Indianapolis-based Kite now owns six neighborhood centers in the Naples area, and is building two more. And that's just the beginning. Kite's Florida expansion plans, however, extend well beyond Naples. Kite Realty has been developing and acquiring in Florida for a decade.
NORTH MIAMI BEACH, FL-Neighborhood center developer Equity One has named Jeffrey Olson president and CEO, beginning April 2007. The 38-year-old Olsen currently is president of the eastern and western shopping center regions of Kimco Realty Corp. He will join Equity One on Jan. 1, and assume his posts in April. He also will join the company's board of directors at that time.